Moody’s raises China rating outlook to positive

Moody's Investors Service raised the outlook on China's A1 rating to positive from stable on Monday, praising its economic performance in the past year during the global financial crisis.

The agency said the country's strong credit fundamentals would resume its improving trend as the economy emerged from the effects of the global recession.

"The country's very strong international investment position has insulated it from the global financial crisis and reduced to a negligible level the risk that China could face a future balance of payments crisis," said Moody's analyst Tom Byrne in a statement.